International Firm Plans $5m Investment in Osun Owala Dam

By 𝔸bdulrazak Tomiwa

An international investment firm, Al Liwan Group Limited, has announced plans to inject $5 million into the Owala Water Dam project in Osun State. 

The project is designed to revitalize the state’s water infrastructure and stimulate local economic activities.

The Commissioner for Federal Affairs in Osun State, Adenike Adeleke, disclosed the news on Friday, February 27, 2026, during a meeting in Abuja. She received a high-level delegation from the company led by its founder and Group CEO, Michael Gale.

The investment aims to modernize the Owala Dam, located in the Olorunda Local Government Area. The project is expected to significantly boost employment opportunities and increase the state’s internally generated revenue (IGR).

According to the Commissioner, the investors are prepared to move to the site immediately once the state government formally signs off on the agreement.

She described the partnership as a “win-win” that will put Osun back on the global investment map.

Michael Gale, the firm’s CEO, explained that their model involves deploying private capital to develop bankable projects. He noted that Nigeria is a key focus for the group, emphasizing a desire for “quick wins” that benefit the public.

Al Liwan Group’s director, Bola Adefehinti, highlighted that the dam offers diverse opportunities beyond water supply. The firm plans to explore fisheries and reservoir-based development as part of a broader strategy for Nigeria’s waterways.

The project also aligns with the state’s broader industrial ambitions, including future considerations for gold mining and cocoa processing.

These sectors are viewed as critical drivers for the state’s long-term economic restructuring.

Addressing the potential of the project, Adenike Adeleke stated, “This is a win-win for Osun State. It will create massive jobs, attract people into the state and put Osun back on the investment map.”